Medical Office Investment
509 Van Buren Road Eden, NC 27288
509 Van Buren Road, Eden, NC, 27288
$2,500,000
For Sale
$2,500,000
Medical office space for sale, leased to Cone Health.
Property Size6,250 SF
Price / SF$400
Days on Market522
Property Features for 509 Van Buren Road
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing Agency
GUILFORD REALTY GROUP, INC.
(336) 574-1343
Listed by
WAYNE TROXLER
Source
Corcoran
Added: Feb 13, 2025 Checked: Jul 20 at 7:52 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GUILFORD REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
This commercial property is currently configured as medical office space. Cone Health occupies 6,250 square feet of the premises under a lease agreement that extends through February 2027, with options for renewal. This property is presented as a prime investment opportunity.
Key Highlights
- Prime investment property.
- Leased to Cone Health, a stable tenant.
- 6250 sf occupied by tenant.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.5k | $30.00 |
| − Vacancy | −$25.7k | −$4.11 |
| EGI | $161.8k | $25.89 |
| − OpEx | −$40.5k | −$6.47 |
| NOI | $121.4k | $19.42 |
6,250 SF · lease $30.00/SF/yr · vacancy 13.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.73M
$1.52M – $2.02M
NOI $121,359 @ 7.0% cap · market cap 4.85%
Second Best
Healthcare Medical
$1.05M
$921.3K – $1.23M
NOI $73,703 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,242 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cone Health Premier ...
Pediatrician
Laynes Family Pharmacy
Pharmacy
Keith E. Layne, ...
Pharmacy
Inger Marasha Law, ...
Pediatrician
Vivian Salvador, DO
Pediatrician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Medical office space for sale, leased to Cone Health.
Where is this medical office space located?
The property is located at 509 Van Buren Road Eden, NC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime investment property.; Leased to Cone Health, a stable tenant.; 6250 sf occupied by tenant.
